SNXUSDT
SNX 1D Global chart and liquid zones for buy and sellSynthetix is a decentralized finance (DeFi) protocol, the network of which was launched at the end of 2017.
However, the price of the SNX token was able to shoot only in 2020, when the hype around DEX exchanges and DeFi projects rose on the crypto market.
Now the price of SNXUSDT is approaching the critical level of $12.60 from where a downward correction may begin.
An important task for buyers is to keep the price above the $7-7.60 zone . In this case, there will be all conditions for continued growth to $16.
If the bulwark of buyers' protection in the $7 region does not withstand the invasion of sellers, then the continuation of the fall to the $4 region will become quite real.
However, if you narrow down the chart presented, you will see a long history of trades in the SNXUSD pair. The chart clearly shows that even a theoretically possible price drop to $4 will still look like consolidation in the upper part of the global chart and will not carry anything critical for long-term investors.
Short and medium-term speculators need to be vigilant, use stops in trading, and pay special attention to the liquid areas that we have highlighted on the chart.
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Synthetix Probably Started The Third WaveWelcome! SNXUSDT has been showing good growth dynamics in recent days. This growth is probably part of the nascent wave (3). To be completely sure that we are facing wave (3), the price needs to break through the corrective channel and gain a foothold above $28.81.
The third wave usually extends, so I expect to see it again this time with a rapid growth during the year.
Perhaps the time is coming for synthetic assets in the crypto space.
SNX/USDT - Long term 240% targetHello, traders!
The price of SNX is at the upper bound of the range of $5.44 - $8.34, which was the beginning of the previous business cycle.
Therefore, in this range, we can expect the beginning of a new one.
The price range of $5.44 - $6.55 will be [ptimal for the purchases, where you can get a more favorable entry point for a long-term deal.
Stop-loss can be placed under the price at $4.32
Objectives for purchase are levels
$11,50
$13.50
$16,39
$22,30
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered as financial advice
IF U ASKED ME ... SNX IS THE STRONGEST RIGHT NOW !look on the week candle how it bounced back up. 63% up !!
despite all of the bearish corrections we got, it managed to go up again.
we r looking for a weekly close above the first support.
if first support were broken I will buy on the second one a small bag there.
if we hadn't broke any support we will test $28 resistance straight way.
DONT LEVERAGE OR OPEN FUTURE !!
SNX or excitement ?Hello Guys.
what's up?
Today we wanna talk about a new symbol.
lets me say you something frankly. all market is connected to BTC. I believe that the chart will drop soon. it's my idea.
if BTC goes up the market goes up and if BTC is under pressure, all markets feel pressure.
So, watch the market and buy step by step.
the first target is obvious. so if the price candle in time frame daily will close over the yellow box and stable there, you can buy more in pull-back.
At this time, it's no a good to place to buy, but if you bought before and now you are in, you can be patient.
don't forget the market is full of excitement.
BINANCE:SNXUSDT
SNX/USDT is ready to become bullish.Hi every one
SNX / TETHERUS
SNX /USDT has formed a bullish flag . this pattern can increase the price as much as It's flag pole (shown in the picture) and since the pattern is already broken everything is set for us to make a deal!
*flag pattern can be bullish or bearish but in this situation It's bullish! flags change the price as much as their flag pole!
***Psychology and description of bear flag and bull flag :
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
take a look ... SNX will do great this month !break out confirmed on 4 hr time frame
✅ Buy: 21 - 22.75 ✅
🎯TARGETS:
1- $ 25.55
2- $ 28.97
3- $ 38.90 (midterm target)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $ 16
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